European Central Bank Governing Council member Primoz Dolenc stated that the current monetary policy stance gives policymakers the ability to respond to various shocks.
"We believe the current interest rate level ensures sufficient flexibility to respond to future changes in circumstances," he said on Wednesday, adding that future policy actions will still depend on inflation expectations and related risks.
Speaking in Ljubljana, Dolenc said, "Geostrategic risks and high energy prices remain important sources of uncertainty, which is reflected in persistent inflationary pressures."
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